Blog Post: Day 2 $QQQ short term down-trend but 75% of Nasdaq 100 stocks rose and $QQQ is very oversold and had a black dot

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2 thoughts on “Blog Post: Day 2 $QQQ short term down-trend but 75% of Nasdaq 100 stocks rose and $QQQ is very oversold and had a black dot”

  1. QQQ 10 Day New High Index (Greater than or equal to 50%)
    NO
    0.039603960396039604
    100 new 52-week highs were made in 6000+ stocks from NYSE
    At least 100 new 52-week highs were made in US stocks. New high count: 378
    QQQ Daily TOP 10 HOLDINGS Index (DAILY CLOSE:)
    Weighted sum on 2024-07-19: 314.711911
    Weighted sum on 2024-07-22: 320.01717
    The index closed positive.
    SPY Daily TOP 50 HOLDINGS Index (DAILY CLOSE:)
    Weighted sum on 2024-07-19: 172.229214
    Weighted sum on 2024-07-22: 174.255542
    The index closed positive.
    QQQ Weekly TOP 10 HOLDINGS Index (WEEKLY CLOSE:)
    Weighted sum on 2024-07-19: 314.711911
    Weighted sum on 2024-07-22: 320.01717
    The index closed positive.
    Manually check 0MUTI IBD Mutual Fund Above 50MA
    Visit: https://research.investors.com/ibdchartsenlarged.aspx?cht=pvc&type=daily&symbol=0muti
    YES
    5/6

    QQQ 10 Day New High Index (Greater than or equal to 50%)
    NO
    0.0
    100 new 52-week highs were made in 6000+ stocks from NYSE
    At least 100 new 52-week highs were made in US stocks. New high count: 503
    QQQ Daily TOP 10 HOLDINGS Index (DAILY CLOSE:)
    Weighted sum on 2024-07-22: 320.01717
    Weighted sum on 2024-07-23: 320.972525
    The index closed positive.
    SPY Daily TOP 50 HOLDINGS Index (DAILY CLOSE:)
    Weighted sum on 2024-07-22: 174.255542
    Weighted sum on 2024-07-23: 174.43675
    The index closed positive.
    QQQ Weekly TOP 10 HOLDINGS Index (WEEKLY CLOSE:)
    Weighted sum on 2024-07-19: 314.711911
    Weighted sum on 2024-07-23: 320.972525
    The index closed positive.
    Manually check 0MUTI IBD Mutual Fund Above 50MA
    Visit: https://research.investors.com/ibdchartsenlarged.aspx?cht=pvc&type=daily&symbol=0muti
    YES
    5/6

    GMI turns green for me after today’s close.

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